Problem gambling ‘can lead to debt’

Problem gambling 'can lead to debt'

Monday 28th of February 2011

Individuals with significant money troubles may wish to seek individual voluntary arrangement answers to improve their lot, rather than taking more risky routes.

Liz Karter, founder and therapist at Level Ground Therapy, has suggested people who turn to gambling could see their debts begin to mount once they start to suffer losses and subsequently try to win back what they had before.

The expert noted the activity may prove particularly popular at present as it can act as a form of escape.

She observed: "With money so tight and every penny counting it may be easier to fall into debt and loss chasing more quickly."

Times of economic uncertainty can lead to depression and anxiety, Ms Karter explained, adding betting money can serve as a break from these feelings.

Her comments come after recent figures from the Gambling Commission in its British Gambling Prevalence Survey 2010 showed an increase in the number of problem gamblers in the UK.

By Hayley Jones
 

Share or Bookmark This Article:
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Reddit
  • StumbleUpon
  • Live
  • Technorati
  • Google Bookmarks
  • Twitter

Leave a Reply